Last Sold Price
2 beds64 baths46,376 sqft$153/sqft
420 S Real Rd, Bakersfield, CA 93309

Description

Attractive 5% Interest-Only Seller Financing for qualified buyer. The property at 420-426 S Real Road, Bakersfield, CA 93309, presents a thoughtfully upgraded living experience with over $500,000 in capital improvements. Renovations across 61 units and the addition of a new retaining wall have enhanced both the comfort and appeal of the community. These upgrades create a modern and inviting atmosphere for residents while increasing the property’s value and rental potential. Located in a well-connected...Attractive 5% Interest-Only Seller Financing for qualified buyer. The property at 420-426 S Real Road, Bakersfield, CA 93309, presents a thoughtfully upgraded living experience with over $500,000 in capital improvements. Renovations across 61 units and the addition of a new retaining wall have enhanced both the comfort and appeal of the community. These upgrades create a modern and inviting atmosphere for residents while increasing the property’s value and rental potential. Located in a well-connected neighborhood, residents enjoy easy access to major highways, public transportation, schools, parks, shopping, and dining options. With its recent enhancements and prime location, this property provides a great opportunity for comfortable living and long-term value.
LISTING CLOSED: 11/21/2025 12:00 AM

  1. Listed by DARREN CORREA • DRE #02066621 • Brokerage DRE #01923766 • LE INVESTMENT GROUP • 714-310-2840

Property Details for 420 South Real Road

Status
MLS #
IV25046270
Days on Market
210
Pet Policy
-
Taxes
-
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential Income / Res Income 2-4 Units
Year Built
1963
Parking Spaces Total
64
Private Pool
No
Total Units
64.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
46376
Assessor Parcel Number
14924014005
Property Attached YN
true
Common Walls
2+ Common Walls
New Construction
No
Average Studio Area Units
Square Feet
Average 1 Bed Area Units
Square Feet
Average 2 Bed Area Units
Square Feet
Average 3 Bed Area Units
Square Feet
Building Area Total
46376
Building Area Units
Square Feet
Stories Total
2
Entry Level
1
Pool
No
Zoning
R-3
Senior Community
No
Parcel Number
14924014005
Area
Bakersfield (BKSF)
Directions
From CA-99, take the Ming Ave exit, head west, turn right on S Real Rd, and the property is on the right.

Recent comparable sales

Median sold price

$235,000

Avg days on market

57

Sale-to-list ratio

97.8%

Bakersfield, CA

9 comparable properties found

a swimming pool with lawn chairs and large trees
1/75
1

$275,000

Sold 11/06/25

2
Bedrooms
1
Bathrooms
988
Square Feet
0.23
Acres
$325,000 | Undisclosed Address, Bakersfield, CA 93309
1/21
2

$325,000

Sold 08/15/25

2
Bedrooms
1
Bathrooms
720
Square Feet
0.45
Acres
3

$50,000

Sold 10/10/25

2
Bedrooms
1
Bathrooms
858
Square Feet
0.19
Acres
a kitchen with kitchen island white cabinets and wooden floor
1/34
4

$235,000

Sold 05/04/26

2
Bedrooms
1,099
Square Feet
0.04
Acres
a front view of a house with a yard
1/41
5

$250,000

Sold 04/01/25

2
Bedrooms
2
Bathrooms
1,172
Square Feet
Unavailable
Acres
a view of a pathway with a park
1/41
6

$217,000

Sold 01/09/26

2
Bedrooms
1
Bathrooms
1,099
Square Feet
0.04
Acres
front view of a house with a patio
1/41
7

$250,000

Sold 10/28/25

2
Bedrooms
1
Bathrooms
1,307
Square Feet
0.16
Acres
8

$235,000

Sold 03/03/26

2
Bedrooms
1
Bathrooms
935
Square Feet
0.22
Acres
$225,000 | Undisclosed Address, Bakersfield, CA 93309
1/23
9

$225,000

Sold 04/07/25

2
Bedrooms
1
Bathrooms
846
Square Feet
0.15
Acres

Location

Listing Courtesy of LE INVESTMENT GROUP

Sold By NONMEMBER MRML

Add your commute

Building Information for 420 South Real Road

Building/Complex420 S Real RdFloor-Stories2Residences-Pet Policy-Pet Policy Details-Year Built1963Building Size-

Payment Calculator

$38,384 per month

30 year fixed, 6.55% Interest

Principal and Interest

$36,088

Property Taxes

$2,296

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 420 South Real Road

Income / Expense / Tax Details
Income Details
  • Gross Income: $974,472
  • Gross Scheduled Income: $974,472
  • Net Operating Income: $622,859
  • Financing: Seller Financing
Expense Details
  • Operating Expense: $319,738
  • Fuel Expense: $9,000
  • Electric Expense: $9,000
  • Insurance Expense: $39,910
  • Professional Management Expense: $37,704
  • Trash Expense: $9,000
  • Water Sewer Expense: $9,000
  • Total Expenses: $319,738
Tax / Assessment Info
  • Tax Tract Number: 28.25
  • Tax Census Tract: 28.25
  • CFD/Mello-Roos Fee: $17,133
  • Tax Lot: 12
Community / Development
Community / Development
  • Community Features: Suburban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Pool Heat: N/K
Land/Lot Info
  • Additional Parcels Description: 14924013002, 14924012009
  • Lot Features: 21-25 Units/Acre
  • Number Of Units: 64
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 64
Property / Structure Info
  • Residential Styles: Res Income 2-4 Units
Unit Information
Unit 1
  • Unit Type Units Total: 64
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $81,206
  • Unit Type Total Rent: $81,206
  • Unit Type Pro Forma: 87000
  • Unit Type Type: 1
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 16
  • Number Of Separate Electric Meters: 64
  • Number Of Separate Gas Meters: 64
  • Number Of Separate Water Meters: 1

Property History for 420 South Real Road

DateEvent & SourcePriceAppreciation
Nov 21, 2025

Sold

CRMLS #IV25046270

$7,100,000
Nov 21, 2025

Sold

SDMLS #IV25046270

$7,100,000
Nov 21, 2025

Sold

CLAW #IV25046270MR

$7,100,000
DateEvent & SourcePrice
11/21/2025

Sold

CRMLS #IV25046270

$7,100,000
11/21/2025

Sold

SDMLS #IV25046270

$7,100,000
11/21/2025

Sold

CLAW #IV25046270MR

$7,100,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 420 South Real Road

Taxable ValueLand$296,000Additions$1,895,800Total$2,191,800
Tax Record2025$27,556 ($2,296 / month)
Home Facts
Total Finished SqFt13,960 SqFtAbove Grade Finished SqFt13,960 SqFtStories2Lot Size43,560 SqFtStyleMulti-Family Res (5+ Units)Year Built1963Year Renovated1963ZoningR-3CountyKERNAPN149-240-13-00-2

Schools near 420 South Real Road

This home is within Kern Union High School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 6 to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Munsey Elementary School
PublicK to 6

Curran Middle School
Public6 to 8

West High School
Public9 to 12

Kern Workforce 2000 Academy
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 420 South Real Road, Bakersfield, CA 93309
$7,100,000
2
64
46,376
130,680
3
2,292
9,709
4
2
1,464
8,101
1
2,385
10,501
2
3,084
13,207
$62,000
3
1
1,068
7,517

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of LE INVESTMENT GROUP

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.